What are yield management systems used for?
A) to profitably fill unused capacity
B) to determine the availability of product substitutes in complex industries that are experiencing rapid change
C) to predict necessary service levels to achieve revenue goals
D) to determine whether it is financially more feasible to buy a new product or repair a broken one

Question

Quizplus · Accepted Answer

Yield management systems are used to profitably fill unused capacity, primarily in the hospitality and transportation industries. These systems help businesses optimize their pricing strategies to increase revenue and minimize unsold inventory. B, C, and D are not accurate descriptions of yield management systems.

What Are Yield Management Systems Used For